The Identity as a Service Market is expected to grow at a CAGR of 19.10% during the forecast period. Global Identity as a Service Market is expected to reach US $ 14.11 Bn by 2029.

Identity as a Service Market Overview:

This research aims to offer a comprehensive analysis of the Identity as a Service Market by component, application, industry, and region. The main drivers of the Identity as a Service Market expansion are covered in great detail in the study. A thorough analysis of the market's value chain is also provided by the study.

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Identity as a Service Market Scope:

Primary research is followed by secondary research using sources that gather revenue information from important suppliers in order to evaluate and forecast the Identity as a Service Market. Market segmentation is calculated taking into account vendor offerings. Utilizing the revenue of notable businesses, the bottom-up approach was used to determine the Identity as a Service Market's overall size.

Identity as a Service Market Dynamics:

The Identity as a Service (IDaaS) market is experiencing dynamic growth driven by several key factors shaping its landscape. One significant driver is the increasing adoption of cloud-based solutions across industries, which has propelled the demand for identity management services delivered as a service. Organizations are increasingly recognizing the benefits of outsourcing identity management functions to specialized providers to enhance security, scalability, and flexibility while reducing costs and complexity. Additionally, the growing emphasis on cybersecurity and regulatory compliance requirements, such as GDPR and CCPA, has heightened the need for robust identity and access management solutions, further fueling the demand for IDaaS offerings. Moreover, the rise of remote work and the proliferation of mobile and cloud-based applications have expanded the attack surface for cyber threats, driving the need for comprehensive identity solutions that can secure access across various devices and platforms. Furthermore, advancements in technologies such as artificial intelligence and biometrics are driving innovation in IDaaS solutions, enabling more seamless and secure authentication and authorization processes. As organizations continue to prioritize digital transformation and security in an increasingly interconnected world, the IDaaS market is poised for continued growth and evolution to meet the evolving needs of businesses and consumers for secure and efficient identity management solutions.

Identity as a Service Market Segmentation:

by Deployment

Public
Private
Hybrid

by Services

On-Site
In-House

by Access Type

Single Sign-On
Multi-factor Authentication
Compliance Management
Directory Services
Others

by Application

Document Verification
Authentication/identification
Screening

by Industry

Government
Retail & Consumer Electronics
Transportation & Logistics
Media & Entertainment
IT & Telecommunication
BFSI
Energy & Utility
Automotive

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Identity as a Service Market Key Players:

The major players covered in the Identity as a Service Market report are

1. CA Technologies
2. Centrify Corporation
3. ILANTUS Technologies
4. iWelcome
5. JumpCloud
6. Okta, Inc.
7. OneLogin Inc.
8. Salesforce.com
9. Exostar
10. JumpCloud
11. Oracle Corporation
12. Microsoft
13. IBM Corporation
14. Ping Identity Corporation
15. Centrify Corporation
16. Exostar
17. Google LLC
18. Fischer International Identity
19. SailPoint Technologies
20. IDaptive, LLC

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Identity as a Service Market Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

COVID-19 Impact Analysis on Identity as a Service Market:

Among the industries impacted by the COVID-19 pandemic are aerospace and defense, agriculture, cars, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance. As the effects of COVID-19 spread, they have had an effect on the Identity as a Service Market as a whole as well as the growth rate in 2019 and 2020. The businesses and associations in the Identity as a Service industry, which is navigating the COVID-19 emergency to handle risk digitisation jobs in order to convey reliable data and experiences to the CEOs, rely heavily on our latest administration inquiry, opinions, and knowledge.

Key Questions Answered in the Identity as a Service Market Report are:

  • Which segment grabbed the largest share in the Identity as a Service Market?
  • How was the competitive scenario of the Identity as a Service Market in forecast period?
  • Which are the key factors responsible for the Identity as a Service Market growth?
  • Which region held the maximum share in the Identity as a Service Market by forecast?

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